Requirements

Who is the target audience?

Anyone who is interested in knowing about Inventory Valuation

Entrepreneurs

CA / CS / CMA / CFA / CPA / CIMA Students

Finance Managers

Description

Welcome to this course on Accounting Inventory Valuation

Every business involved in manufacture/trade of products will carry some inventories regularly. Inventory may be in the form of goods held for sale in the ordinary course of Business or inventory may be in the process of production for such sale, or It may be in the form or materials or supplies to be consumed in the production process or in the rending of services. It becomes essential to value to these inventories to know the following.

Income earned

Financial Position

Liquidity Position

Compliance with statutory requirements

The other questions that arises are How to Value the Inventory?Should it be valued at Cost or Market Price or Net Realizable Value? To answer all these, Knowledge on Inventory Valuation is essential for Entrepreneurs, Accountants / Finance Managers, Auditors, etc.

Inventory Valuation plays significant role in presenting Financial Statements in a True and Fair Form.

By taking this course, you will be learning

What is Inventory?

Significance of Inventory Valuation.

Measurement / Valuation of Inventory

Cost of Inventory

Cost of Purchase

Cost of Conversion

Net Realizable Value

Techniques for Inventory Valuation

Specific Identification of Cost

First In First Out Method of Inventory Valuation

Last In First Out Method of Inventory Valuation

Simple Average Price Method

Weighted Average Price Method

Retail Method or Adjusted Selling Price Method.

This course is structured in self learning pace style.

This course has video lectures explaining each and every topic discussed above with writings on black/green board.

Simple English and casual presentation has been used for this course. Few case studies were also discussed to appreciate the theory concepts.

Take this course to gain clarity on the basics of Inventory, Inventory Valuation and Techniques of Inventory Valuation.

About Tutor

I am a practicing Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.